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Affordable Housing Tax Credit Bill Advances Out of Committee

Affordable Housing Tax Credit Bill Advances Out of Committee
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United statesArlington heightsSara feigenholtzBob palmerAnn gillespieMattie hunterNational low income housing coalitionSenate revenue committeeBuild illinois homes tax credit actD arlington heightsIllinois housingHousing action illinoisGeneral assemblyஒன்றுபட்டது மாநிலங்களில்பாப் பாமர்ஆண்டு கில்லெஸ்பி

Affordable housing tax credit bill advances out of Illinois committee

Affordable housing tax credit bill advances out of Illinois committee
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Affordable Housing Tax Credit Bill Advances Out of Committee

By Tim Kirsininkas & Capitol News Illinois • 4 hours ago A bill that would offer state tax credits to owners and developers of affordable housing units passed out of committee last week at the Illinois Capitol. Senate Bill 2445, also known as the Build Illinois Homes Tax Credit Act, is an omnibus bill that aims to address the shortage of affordable housing stock in Illinois by offering incentives to landlords who maintain qualified affordable housing properties and for the purchase of building materials to be used for the construction of new affordable housing units. The bill, sponsored by Sens. Mattie Hunter, D-Chicago, Ann Gillespie, D-Arlington Heights, and Sara Feigenholtz, D-Chicago, advanced out of the Senate Revenue Committee unanimously on April 14.

United statesArlington heightsSara feigenholtzBob palmerAnn gillespieMattie hunterNational low income housing coalitionSenate revenue committeeBuild illinois homes tax credit actD arlington heightsIllinois housingHousing action illinoisGeneral assemblyState of illinoisCapitol news illinoisஒன்றுபட்டது மாநிலங்களில்

Pandemic creates housing issues

Tim Kirsininkas Capitol News Illinois SPRINGFIELD – As economic uncertainty continues to linger one year into the COVID-19 pandemic, housing advocates across the state are planning next steps to protect tenants and landlords and create additional affordable housing opportunities. Over the past several weeks, the General Assembly has considered various bills on the subject, including emergency rental assistance, lifting the state ban on rent control, and subsidizing future affordable housing construction in the state. Advocates for affordable housing in Illinois, including Rep. Delia Ramirez, a Democrat representing the 4th House District in Chicago, say the pandemic has shed new light on an ongoing affordable housing crisis and sparked a new sense of urgency to support tenants and landlords struggling to afford rent and upkeep their properties.

United statesDelia ramirezBob palmerOmar aquinoTom demmerTim kirsininkasMichelle gilbertChicago apartment associationCommittee hearing onEmergency rental assistance programIllinois housing development authorityNational low income housing coalitionNational council for state housing agenciesCapitol newsGeneral assemblyHouse district

Housing Advocates Plan Next Steps Amid Pandemic Economic Uncertainty

By Tim Kirsininkas & Capitol News Illinois • 4 hours ago As economic uncertainty continues to linger one year into the COVID-19 pandemic, housing advocates across the state are planning next steps to protect tenants and landlords and create additional affordable housing opportunities. Over the past several weeks, the General Assembly has considered various bills on the subject, including emergency rental assistance, lifting the state ban on rent control, and subsidizing future affordable housing construction in the state. Advocates for affordable housing in Illinois, including Rep. Delia Ramirez, a Democrat representing the 4th House District in Chicago, say the pandemic has shed new light on an ongoing affordable housing crisis and sparked a new sense of urgency to support tenants and landlords struggling to afford rent and upkeep their properties.

United statesDelia ramirezBob palmerOmar aquinoTom demmerMichelle gilbertChicago apartment associationCommittee hearing onEmergency rental assistance programIllinois housing development authorityNational low income housing coalitionNational council for state housing agenciesGeneral assemblyHouse districtNational councilState housing agencies